Skip to main content

tv   John King USA  CNN  May 18, 2012 3:00pm-4:00pm PDT

3:00 pm
showed off the spacecraft that shuttled the earth. the billionaire co-founder of paypal has no illusions when it comes to rocket science. >> when i started space x i sound as though i thought rockets were easy. i didn't think they were very hard. i would say it ended up being even harder than that. >> reporter: just exactly how hard will be answered very soon. john zarrella, cnn, miami. >> that's it for me. thanks for watching. i'm wolf blitzer in "the situation room." the news continues next on cnn. good evening. i'm john king tonight, facebook falls flat with tepid response from investors tells us about the social networking site some say can do no wrong. plus our campaign report card looks at governor romney's report card. john edwards fate in the
3:01 pm
jury's hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didn't sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. let's start with facebook. what happened? >> generally you set a price for a stock, $38 in this case that is posed to create enough demand the stock goes up. early stage investors get to sell that stock. they are happy, investors are happy. they get the stock at a good price, we all live happily ever affiliated. as you cy, trading late. seemed to be technical problem at the nasdaq. more than 500 million shares traded by the end of the day. just to give you perspective, on
3:02 pm
a normal day microsoft will trade 50 million shares, apple will trade 25 million. this is almost 600 million shares. a logjam. everything didn't work out properly. the stock ended up going down almost to where it started, $38. the only reason it didn't go further, john, the syndicate of investment banks that offered the stock on behalf of the company, that would look really bad for them. they need future business. you never want the ipo going below the offer price. you know they were buying late in the day to prop up the stock. if this wasn't an ipo day it would have gone lower. >> is this some sort of symptom or sign about the broader market now? >> i think it's a few things. as you mentioned, this the worst week for markets in 2012. never an ideal time to have an ipo. that's not something facebook could have controlled. i think there's a great deal of scrutiny about facebook. we've been covering it endlessly. that caused people who were
3:03 pm
excited to get into the stock to take some time and say maybe i don't have to rush into this thing. let's see how it goes, let's see if the stock can make money. now it's a wait and see. if it doesn't skyrocket on day one, why rush to get in. i can still invest to get in next week or next month. i don't take this as overwhelming backlash about facebook. i would say if you were an ipo, this is not how you would want your first day to go. >> our chief business correspondent ali velshi. ali, thanks. he's following facebook since it burst on the scene, wrote a book about it, "the facebook effect." mark zuckerberg is supposed to be the golden kid with the midas touch. does it matter they didn't have a great first day? >> i'm afraid it does matter. certainly this was a huge disappointment. the company still made tons of money out of the offering, the fundamental purpose.
3:04 pm
created a liquid market for employees and investors. those were also major goals. as ali said, no question this was intended to go up more than it did. it really raises the question did the stock price too high, did they issue too many shares. they added a bunch of shares to the offering late in the game from existing shareholders. maybe they shouldn't have done that. also we don't know how much nasdaq glitches caused additional problems and maybe contributed to the disappointment for facebook. but it really makes you wonder, you know, is facebook going to have trouble operating as a public company with this extraordinary valuation which is nose bleed level. >> from financial standpoint, top ten web ipos over the years only google an obvious smashing success. if you're facebook you thought you had a gold standard like google. this has to make you a little nervous, right? >> yeah, certainly outshown
3:05 pm
google in terms of the size of the offering and valuation at the ipo. there's a lot of things about this astonishing. it's by far the most successful internet ipo from a financial point of view for the company. if the stock drops below $38 next week, it could be an ugly situation. if the stock starts dropping significantly, it's really going to raise a lot of questions. a lot of people looking at the facebook ipo thinking we've got europe and greece and awful stuff with jpmorgan's loss maybe facebook will turn the markets towards a happier attitude and it really did not happen. >> if you're mark zuckerberg and his creative team and spent most of the career to make it better for the user, visitor to the community, now you have a different test, too. maybe an equal test of the market. not just what does the user think but the market. how does that change the psychology of the company? >> he hopes it doesn't change it at all. the reality is it probably will change it.
3:06 pm
more likely today than tomorrow. mark is very focused on product. he doesn't want to have to think about stock stuff every day, doesn't want to appear on quarterly earnings calls, doesn't want to think about making analyst numbers. if the stock underperforms going forward, it's going to increase the pressure on him to do that, which is going to really hurt his ability to keep moving the product forward, which is all he really cares about. >> david kirk patrick, appreciate your input, we'll watch how it plays out on monday. now to president obama's vitally important weekend. he's at home but operating on the global stage, heading to camp david this hour to have dinner with leaders of the g-8. you're watching live pictures there. marine one carrying the president. largest collection of world leaders ever to gather at camp david, presidential retreat not far from washington. after all day meetings president heads to chicago, equally important nato summit, white house correspondent brianna keilar outside camp david. newly elected president, smiles,
3:07 pm
handshakes, already a disagreement. right? >> so it would seem, john. you're talking about afghanistan, of course. that's because the newly elected president hollande campaigned on bringing home troops by this year, compare to u.s. plan, bring home combat troops by the end of 2014. it's quite a difference. some think there may be a way for hollande to make good without upsetting allies. there are combat troops in an area of afghanistan which is already shortly going to turn over the lead to afghan troops. it's also possible, and we heard hollande say he would support in other ways. there still could be a money commitment, john. >> questions about afghanistan. how about the economic crisis. hollande and obama see eye to eye on the european crisis which has in the past and threatens
3:08 pm
again to spill over here to the united states. >> certainly, john. this is where president obama may find more of a kindred spirit in hollande. wheel we've seen europe tighten its belt, cut government programs, not focus on stimulus and deficit the way the u.s. did, growth has stagnated in europe. holla hollande talked more about a balanced approach, stimulus. while he shares this view, u.s. is a bystander. france is not. it will play a key role as europe looks to find a solution to the crisis in the third year. >> the presidential retreat in maryland as the president begins an important weekend of diplomacy. thanks. one of the important questions for the nato summit is the future of the alliance. i'll ask far he'd zakaria whether nato is relevant. next a report card on what mitt romney's tax policies would mean for you. [ mrs. hutchison ] friday night has always been all fun and games
3:09 pm
here at the hutchison household but one dark stormy evening... there were two things i could tell: she needed a good meal and a good family. so we gave her what our other cats love, purina cat chow complete. it's the best because it has something for all of our cats! and after a couple of weeks she was healthy, happy, and definitely part of the family. we're so lucky that lucy picked us. [ female announcer ] purina cat chow complete. always there for you. a living, breathing intelligence
3:10 pm
teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪
3:11 pm
on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans?
3:12 pm
taxes a little -- always a litmus tax. it will be in the debate between obama and romney. he has a plan that he promises will jump-start job creation. it begins with a call to cut corporate and personal income taxes. >> our taxes are higher than any other nation besides japan. the average of developed nations tax rate is 25%, ours is 35%. we've got to bring our tax rate down to that same 25% level. i will do that on day one. another big contrast, romney's call to make perm innocent tax cuts due to expire this year. >> fought so hard to make sure bush tax cuts weren't taken away by obama. i want to keep tacks down. i'm not looking to raise taxes.
3:13 pm
>> some critics suggest his zeal now doesn't mesh with his record when he was governor. he raised a host of fees but he says that beat the alternative. >> the expectation was that we'd have to raise taxes, but i refused. i ordered instead a complete review of all state spending, made tough choices, and balanced the budget without raising taxes. >> reporter: now a common critique he calls for tinkering with the existing code. the governor says he's for that eventually. >> ultimately i'd love to see a plan that simplifies the code and lowers rates for everybody. right now let's get the job done first that has to be done immediately. let's lower the tax rates on middle income americans. >> let's dig deeper on the impact of the romney tax agenda with robert reich and republican
3:14 pm
supporter. you first as the romney backer answer the argument that what you would get here is a third term of george w. bush in terms of tax policy and their argument it didn't create jobs then, why would they expect it to now. >> what governor romney is suggesting is something that would create consistency in the marketplace. what you've seen under obama, volatility in terms of taxes, capital for investment. the corporate income tax, we've got to be able to compete on the world stage. we have the highest corporate income tax in the world. what we're looking for is the middle class breaks. with the adjusted income of $200,000 or less he wants to get rid of taxes on capital gains, interest, those type of things that will make a real difference for middle class families. >> anything in the tax agenda, i'll give you that one. that one will work, it will create jobs. >> i've searched it. it's hard to coup with anything
3:15 pm
that would generate jobs or create fairness. don't take my word for it. independent tax policy center in washington analyzed the plan and found people in the top 1% furks have incomes over $800,000 a year, you're going to get a tax cut of romney of $150,000 and people in the top 1/10 of 1%, romney land, multimillionaires, a tax cut under the romney plan of $750,000 a year. but if you're in the bottom 20% of americans, according, again, to this bipartisan and independent nonpartisan tax policy center you are going to see your taxes increase by about $153 a year. that may not sound much but that's still a tax increase. meanwhile the governor has not specified how he's going to deal with a gigantic budget deficit. >> congressman, come on that point. the budget deficit then the argument. a number of analysis, $3.7
3:16 pm
trillion over 10 years, just making bush tax cuts permanent, doesn't take into act other tax cuts there. has governor romney, in your view, put forth a reasonable plan to not let that blow a hole in the budget? what would he have to cut? >> what republicans have argued and governor romney said we have to broaden the base and lower the rate. to hear democrats talk about it, we're one good tax increase away from prosperity in this country and nothing could be further from the truth. businesses are resistant to make investments because they don't know what the tax cut will be. again, stability, lower the rates, broaden the base. not grow government. that's the fundamental difference. democrats want to raise the rates, raise taxes so they can expand and grow government. governor romney is going to say, no, we have to cut spending. we have a spending problem in this country, something that president obama has never addressed. >> mr. secretary, we're talking mostly about the romney agenda here, one of the critiques, i put forward he wants to tinker, not do anything bold or different. can the same be said of
3:17 pm
president obama. >> president obama has put forward a tax plan that would increase taxes on the very top income earners, would set a minimum alternative tax for the millionaires and the few billionaires around, and would actually allow for many people to have a larger -- what's called earned income tax credit. that's what they have now but we that would enlarge that. instead of a reverse robin hood tax plan, that's what romney has, take from the middle class and poor and give to the rich and create a huge budget deficit, what the president is proposing is basically a tax plan that is fair to everyone, particularly acknowledging that we have now the most skewed distribution of income we've had in this country in over a century. >> congressman, take your
3:18 pm
chance. >> what president obama is clearly not working. what president -- hopefully president romney is advocating, he wants to cut taxes on capital gain, invest in interest, dividends for those making $200,000 or less. that's a pretty specific proposal. he's talking about bringing down corporate income tax. that's how you grow jobs in this economy. nothing will do more to drive revenue to the treasury than creating stability, growing jobs and allowing businesses to thrive so they can pay the taxes. he's not going to raise taxes on anybody. he doesn't want to raise taxes on anybody. to suggest he's going to raise taxes on the poor, totally disingenuous and false. >> gentlemen, we'll end the conversation there. as you can see a feisty debate. we'll bring you both back and i'm sure candidates will duke it out over tax policy and fairness. congressman and secretary, thank you so much. >> thanks. today's truth, depends on where you live. presidential candidates won't leave some of you alone until presidential days. others, you'll be ignored.
3:19 pm
next, what happened when florida gambled on raising standards on its reading test. this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years. [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again
3:20 pm
with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. and the next chapter for lexus. in the latino communityr retirement. the word that we use is jubilation. as you're getting older, you should be able to do the things that you love.
3:21 pm
i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing.
3:22 pm
>> happy friday. >> happy friday, john. happy friday, everyone. let's get you caught up on headlines. the test score is in and half of florida's tenth graders failed the standardized reading test. only 52% of ninth graders are reading at grade level. the state education department put a positive face on results
3:23 pm
saying it reflected transition to higher standards intended to prepare students for college and careers. school buses in a small town south of atlanta had police escorts again as authorities continue following leads about a man who point add rifle at a bus earlier this week. we told you about the scary story yesterday. the sniper hasn't been seen since people spotted him monday morning and chased him away. schools canceled outdoor activities this week and today was the last day of the school year. probably many parents happy about that now. more than 1,000 firefighters are working to stave off unyielding wildfires blazing across colorado and arizona. colorado's governor has declared a state of emergency today as a fire northwest of ft. collins overtaken nearly 8,000 acres. blazes threatened to burn down a community in arizona. four structures have already been destroyed in the fires that consumed 40,000 square miles of land in that state. no one could take their eyes off of oh, yes david beckham
3:24 pm
today. mainly because the british soccer star helped light the torch that arrived in london from athens. it will be taken on a 70 day torch relay around britain. the l.a. galaxy star told reporters he'd love a spot on britain's team, the first since 1960. apparently he's on the short list. all eyes on him. >> the jurors in the edwards corruption case got to work today. they asked to see specific evidence. next we'll tell you what it is and what it might mean. plus, the military alliance formed to contain the soviet union still relevant?
3:25 pm
today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the first place! [ male announcer ] one pill a day. 24 hours. zero heartburn. is engineered for comfort.
3:26 pm
like parts that create your perfect temperature and humidity or the parts that purify the air. together these parts can cut your heating and cooling bills in half. which is quite comforting. and here's the best part... call now to get up to 1,375 dollars in rebates. or zero percent financing for 18 months on select lennox home comfort systems. offer ends june 15th. plus download our free lennox mobile app with an energy-savings calculator to show how much you'll save with a lennox system. if your current system is 10 years or older, start planning now. and take advantage of special financing. so call now to get up to 1,375 dollars in rebates. or zero percent financing for 18 months on select lennox home comfort systems. offer ends june 15th. and download our lennox mobil app -- free. ♪ lennox. innovation never felt so good.
3:27 pm
3:28 pm
in this half hour of "john king, usa," john edwards jury begins deliberating and asked for a closer look at the evidence. we'll try to decipher what the request might mean. more than 20 years after the collapse of the soviet union the military alliance formed to contain it look for reasons to justify the expense of staying together. and depending where you live, you'll be getting plenty of attention from the presidential candidates or none at all. it will be at least monday before john edwards learns his fate. the eight men and four women on the jury deliberating. they dlibtded knife and a half hours but failed to reach a
3:29 pm
verdict. edwards presidential candidate accused of knowingingly using campaign money to cover up an affair with rielle hunter. in the courtroom since the trial began, it's often risky to read the jury during deliberations. the jury came in and met with the judge. the judge asked any questions about the law. a juror raised his hand and said what's the definition for purposes of influencing an election. tell the viewers why it was so important. >> it was amazingly inciteful question from a juror. they are contending that's what it was all about. was the money a contribution and was the money for supporting the mistress designed to influence the outcome of an election. good question, strikes to the heart of the case. >> when they come back out and talk to a judge, some look for quick verdicts, at least until monday. do you read anything at all from
3:30 pm
that given your experience in trial? >> well, sometimes jurors go in. they may take a quick canvas. if they think they can arrive quickly they take a vote and go forward. i think jurors decide they would meticulously, thoroughly review evidence. most deal with what we call the bunny mellon money, the first two counts they charged on. they will go through the counts, come back and ask for a group of documents with each counts, that important tends a few days of testimony. >> the late bunny mellon, big benefactor, someone who financed him, a wealthy woman that gave a lot of money that ended up funneled to the cover-up. andrew young, star witness for prosecution, at one time a close aide. it is a way to help our friends without government restrictions. why might the jury will influenced by that?
3:31 pm
>> well, interesting, that letter was actually written to john edwards from bunny mellon after she learned about the infamous $400 haircut. part of the instructions from the judge, the jury should consider the intent of the donor when she in this case gave the $725,000. that letter and another one where she makes reference to doing this to save america seemed to suggest that she, at least, intended to help john edwards become president of the united states when she gave this $725,000. >> john edwards is a very experienced and accomplished trial lawyer. what was his reaction watching this play out, the jury coming in, asking questions of the judge. he's been through this many times in his life. how is he trying to read it? >> you know, he certainly looks attentive while there. from a juror's perspective, this trial has worn on him. emotionally. physically he looks worn down and looks tired. he like everyone else is trying
3:32 pm
to glean any bit of insight you can from the jurors. they didn't look fatigued, more serious than they have so far. their work is just beginning in ernest. they have signaled by their actions so far they are going to be deliberate eightive and take time necessary to render the verdict in the case. >> how persuasive do you think based on your trial experience in his closing argument, the defense attorney, an accomplished attorney in his own right pointed to two separate tables, law book on one and bible on another saying these two are on separate tables for a reason. will the jury make a personal distinction between the law and what the jury might have as personal views about his morality. >> i think lowell's opening to distinguish between the law and morality by pointing to the bible and statute was brilliant. he embraced the sin, acknowledged the bad things john edwards has done in his personal life but quickly refocused the attention of this juror to say that's not what he's charged with. as jurors you have a duty to
3:33 pm
consider these charges and quickly turned to the campaign finance law. we heard more from the defense about the campaign finance law than we did from the government. i think they took and occupied the ground they have here, which is strongest for them. is it really if someone is paying expenses for a mistress, are they really campaign contributions, really designed to affect the outcome of the election? i thought they did a stellar job. on the other hand a government cain at closing and told a store, to be unencumbered by details, woven into the story by showing john edwards had to be the mastermind. they played john edwards voice from voice mails. they brought up tape recordings, actual documents they used by flashing them on the screen. the government was also very effective in laying out its broad story whereas the defense was going specifically at the elements of the defense, so much more technical kind of presentation. yet at the end i thought lowell did a wonderful job of bringing
3:34 pm
emotion in, talking about john edwards commitment to poverty, had done many good things, was a good father. he tried to strike a good balance of the jury has a tough case. it's novel. the issue itself under campaign finance law not well-known to any of these jurors, not within their ordinary experience. i think the jury has their hand full. i would not be surprised if it takes them yet another couple of days to reach a verdict. >> those deliberations resume monday, appreciate your insights tonight. >> nice to be with you. this year's nato summit in chicago. topping the official agenda is the transition in afghanistan, but there are other giant issues for the 34 heads of state attending, from the financial crisis in europe to more fundamental question of whether an alliance built for the cold war is relevant anymore. joining me far he'd zakaria, in my eight and a half years heading to the white house we would head to the g-8 summit ornate summit officially knowing what was on the agenda would not
3:35 pm
dominate. something always comes up. will that be the case here? >> i think almost certainly. as you said, probably as likely to talk about the impending economic crisis. the truth is nato was a defensive alliance. it was designed really to protect against rush against the soviet union during the cold war. every since 1990 when all that d ended, it's been flailing around looking for something to do. the time the heads of state get together, there's always something or other on the agenda that's crucial. i would suspect a lot of them would spend time talking about greece and europe and the world economy even though it's actually meant to be a security alliance. >> when it dos afghanistan, which is important business at this summit, is it mission accomplished or mission exhausted, let's get out? >> it's a great way of putting it. i've never heard it, i might steal that, mission exhausted. i think i would put it, it's really there's a consensus that
3:36 pm
the obama strategy, which is to double down on the counter-terrorism special ops, drones, but gradually withdraw from the vast nation building process and therefore withdraw the troops is broadly shared by other european countries. he's not going to get any pushback. the summits become somewhat dramatic if there are two points of view. think of the united states and france over the iraq war. in this case mostly everyone agrees with the obama administration. as we drawdown, they are drawing down as well. >> let's come back to the relevance question. you know this was a defensive alliance. it was built when it was the west confronting the soviet menace. one of the world's great thinkers told some students this. >> the world you are entering into is first of all at peace. profoundly at peace. this is historically a very rare phenomenon.
3:37 pm
you don't have major wars, proxy wars, arms races among the richest countries in the world. >> sound advice to those young students from as i said one of the world's great thinkers on these issues. if you are the leaders of the nato alliance, what lesson do you have to learn from this very different world? >> i think political stability is a little like oxygen. when you have it, you take it for granted. we don't notice there's oxygen in my room and yours. when you don't have it, you really notice. preserve it. do everything you can to prevent the return of cold war-like hostilities between the united states and china, cold war-like hostilities between the united states and russia, rivalries between india and china. all these things are low probability events. if they were to happen, then all the stuff we're talking about, single global economy, technological process, trade, globalization, all that goes out window. now you're in a struggle for
3:38 pm
survival. now politics and military affairs dominate everything. so it is really true we have the luxury of worrying about some of the kinds of things we worry about, which are real problems, but nothing like the problems of nuclear war during cold war, world war ii and world war i and hundreds of years before that. >> the truth about presidential campaigns and their selective advertising next. great shot.
3:39 pm
how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. we love theme parks but with four kids, it can just be too expensive. yeah, so to save money we just de our own. oh no! what could be worse than ninety-foot swells?! typhoon! first prize! it's a cheese grater.
3:40 pm
wooooo... this isn't scary. are you kidding me? look at that picture of your mom's hair from the '80s. there's an easier way to save. wooohooo... geico. fifteen minutes could save you fifteen percent or more on car insurance.
3:41 pm
3:42 pm
september feel than mid may at least to me, the back and forth between the romney and presidential campaigns. team romney ended the week by launching its first general election tv ad. >> what would a romney presidency be like? day one, president romney immediately approves the keystone pipeline creating thousands of jobs that obama blocked. president romney introduces tax cuts and reforms that reward job creators, not punish them. >> important to note, there's a spanish language version. [ speaking spanish ] >> not to be outdone, a brand-new obama ad began airing in florida and nevada focusing on college cost and ending with a first, sasha and malia obama
3:43 pm
making their tv ad debut. >> so he doubled funding for college grants, capped federal student loan payments, passed the largest college tax credit ever. for their future and ours. >> what's fascinating is the can't waste a day sense you get when you top to top strategists in both campaigns. many of you, for better or worse will be left out. eight states decide the battleground. let me give you the map. blue states democrat, red states solid republican or leaning republican. start with president obama, 237 electoral votes. some republicans object. they say pennsylvania should be in play. i'm going to leave it blue. i look at it this way, which tells you what. president obama only has to get to 270. he only has to win a few here, the big ones will help. governor romney has to win most of them. because of that you're going to see both the advertising and candidate travel heavily
3:44 pm
concentrated in the battle grounds. take a look at the map on the screen. nine states ads by pro obama and pro romney forces. michigan in red because there are republican super pacs airing ads there trying to soften it up. a 50-state country, but at the moment a 10 to 12 state election. our senior congressional correspondent dana bash, just reporting in the battleground and to the south in columbia, south carolina, our reporter peter hamby. south carolina not expected to be a battleground but you did some reporting in north carolina. let's get to that in a moment. da dana, governor romney decided to stand in front of a bridge that got a lot of stimulus money that cars can't drive on and he says this. >> this bridge that sits behind us, you know the story of this bridge. this is part of the president's stimulus plan. he went out and borrowed $780 billion and said if we were
3:45 pm
allowing -- if congress allowed him to borrow that money he would hold unemployment below 8% and hasn't been below since. >> democrats are rushing to note a lot of republicans in new hampshire including romney supporters backed that money, a park around it, meant to be a tribute to history. they think this works in a tiny state. i make the case all the time iowa or new hampshire could decide the election. >> absolutely. this particular scenario cost $150,000 taxpayer dollars for as you said this 19th century bridge. it doesn't even go across the river. campaign imagery couldn't resist. an obama official admitted they have various scenarios as you showed there for a path to victory. it is very hard for them to get to victory without winning the state of new hampshire. that's why that kind of trip is something we're going to see over and over again from mitt romney. >> mr. hamby you did great reporting in north carolina. while you were there moved to north carolina. a state representative in north
3:46 pm
carolina that had to apologize because she said this. she said this first. from what i understand about the mormon faith you can have multiple wives. that's sort of a contradiction. there are questions about who romney is and what he believes in in terms of that particular issue. she was commenting about the same-sex marriage initiative and trying to draw governor romney into it. i want to apologize on my comments on mitt romney. there's no place in public or political discourse for comments. i regret making them and sorry for any hurt or misunderstanding it may have caused. peter, did she decide to apologize on her own or was she pushed? >> that's a very good question. i strongly suspect and have heard the democratic national committee and obama campaign wanted to get this out of the way, get her to apologize. i received calls from democrats saying i wish you would have given us a heads up about this. this is something neither campaign wants to touch. you saw yesterday the race was consumed with issues of race talking about jeremiah wright,
3:47 pm
potential jeremiah wright ad. neither campaign wanted to touch that. the obama campaign wanted to score points linking mitt romney to extremists. today the romney campaign wanted nothing to do with this at all. they don't want this mormonism discussion out there. you see some democrats raising it, the governor of montana brought it up and had to walk it back as well. democrats and republicans are squeamish about how to deal with the issue. frankly, john, it hasn't come up in a major way yet during the election, not a ton of media coverage exploring what is mormonism. mitt romney doesn't talk about his faith unless it's brought up at a town hall meeting. there is a lot of states like north carolina around the margins unsure about what to do about this issue, john. >> what you get, you have a campaign within a campaign. in north carolina mormonism, new hampshire mitt romney is going to talk about that bridge.
3:48 pm
you have campaigns within the campaigns. in 40 states or 38 states people aren't going to see the campaign. the vice president might drop by. whoever governor romney picks might drop by. that's where you'll see the candidates, the ads. >> may narrow to seven or nine by the time we get to the onfall. in some ways bad for the country. this is a big election with two distinct ideologies. once the election is over these guys are going to be in the middle of major fiscal tax -- what is the role of government in size issues right after election day. it's important the whole country participates in the election. >> it would be nice. >> to be fair, you spent so many times on campaigns over the years. how many days did we spend in ohio, a lot of these battleground states. this is how it works. >> they used to pretend for a while longer it was a 50-state campaign. not any longer. >> probably people in the other states say, thank god.
3:49 pm
>> advertising, a lot are grateful. erin coming up at the top of the hour. the president met with his french counterpart, g-8 summit for the weekend p, that's at stake. >> people say g-8, they just get together and do their thing and have wine over dinner. that's true. there's going to be real passionate disagreement and president obama is right in the middle of it. really, in a sense, john, the whole future of our country is at stake, whether he decides to stake it on borrowing a whole lot of money or goes ahead. a serious question. a little fun wit. it might be like the incident where evander holyfield lost his ear. we'll explain. >> i'm looking forward to the explanation. have you to connect those dots. we'll see you in just a few minutes. when we come back, if everything goes as planned, the u.s. space program rockets into a new era. bono and the senator he refers to as a deadhead.
3:50 pm
now's the time to move from to where you want to go. look up. with u.s. bank let's get the wheels turning. use our strength & stability to open new opportunities. to lend, and lift ...every business...every dream... to new heights of prosperity. good things are happening. just look up. with u.s. bank.
3:51 pm
♪ [music plays] ♪ [music plays] with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta.
3:52 pm
taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, including those for migraine and while on cymbalta, call right away if you have high fever, confusion and stiff muscles or serious allergic skin reactions like blisters, peeling rash, hives, or mouth sores to address possible life-threatening conditions. talk about your alcohol use, liver disease and before you reduce or stop cymbalta. dizziness or fainting may occur upon standing. ask your doctor about cymbalta. imagine you with less pain. cymbalta can help. go to cymbalta.com to learn about a free trial offer. [ female announcer ] the sun powers life. ♪ and now it powers our latest innovation. ♪ introducing the world's only solar-powered home energy system, which can cut your heating and cooling bills in half. call now to get
3:53 pm
up to 1,375 dollars in rebates. or zero percent financing for 18 months on select lennox home comfort systems. offer ends june 15th. plus download our free lennox mobile app with an energy-savings calculator to show how much you'll save with a lennox system. if your current system is 10 years or older, start planning now and take advantage of special financing. so call now to get up to 1,375 dollars in rebates. or zero percent financing for 18 months on select lennox home comfort systems. offer ends june 15th. and download our lennox mobile app -- free. lennox. innovation never felt so good. our conversation, ryan, with me in washington. peter in columbia, south carolina. governor romney, played a spanish language ad, a version of his new general election ad and will address the latino summit here in washington next
3:54 pm
week. he had a statement on cuban independence day. not a fight at the moment, ryan. right now 69 for the president, 20-something for romney among latino voters. to change the math, he has to do something? >> went far right during the primaries on immigration. one thing the obama campaign is preparing for, picked this up today, they think a super pac is actually going to attack the obama administration from the left on immigration. come out with ads that say, obama has been too tough on border security and deportation which they have. they've been tough. and ads maybe with heart wrenching stories about deportments. >> probe sayiably saying, bring. >> they could attack on the left. >> latino support. they don't love republicans, the president promised first year to do immigration reform. mad about the deportations. some comes down to money. watching the fund-raising game play out. the romneys were personally
3:55 pm
investing for others to follow suit? >> right. only a matter of time for romney, never had a shortage of cash would give to his campaign and his wife as well. a total of $150,000 for ann romney. $75,000 is the legal max. for him, he can give as much in his own campaign and presumably will give more. they signaled that. you're right. trying to get others to follow suit. >> the president will raise money. a lot of money spent. a fascinating piece on cnn.com on the math of north carolina. how different this time around. president conwon it last time. watching evangelicals. latino vote not that huge, but in a close race, does it matter? >> absolutely matters. obama won north carolina last time by just 14,000 votes. any shift in turnout for any demographic could swing the election, and just in the last four years some of these big
3:56 pm
populist counties in north carolina, wake county, mecklenburg around raleigh and charlotte have blown up and the hispanic votes doubled since the last election. now only about 900,000 votes, but, again, you know, if the obama campaign can get just a sliver of those hispanics, the growing hispanic population out to the polls they only have to win less of the white vote. only won 35% of the white vote in north carolina last time. so the changing electorate is the stuff the obama campaign loves and are out there organizing pretty hard in north carolina, john. >> we'll study each of the battlegrounds county by county, voter by voter if we have to. thank you all so much. have a great weekend and kate bolduan is back with the latest news. syrian opposition report large anti-government demonstrations and a bomb targeting security forces in the
3:57 pm
most popular city and considered a stronghold of president assad. opposition forces report at least 22 deaths across syria today. salvage crews will begin refloating and removing the contra costa concordia in the next few days. it's a different operation that will take up to a year and involve lifting the submerged ship from the sea bed in one piece. 32 people died in january when the ship slammed into a coastal reef. and tomorrow could mark an important turning point in space exploration. a private company called space x plans to launch a supply ship frp cape canaveral to the space station. a first and nasa is offering big bucks to private companies that supply the space station, but there's a catch. space x only cashes in if its mission is successful. good luck with that one. get ready for a ring of fire. sunday the moon slides in front of most of the sun creating a fiery solar eclipse, really
3:58 pm
beautiful from those pictures, and you may be able to see it from your house. the first solar eclipse in 18 years that's visible in the continental u.s. catch the partial eclipse at sunset in the western part of the country. so keep an eye out. and martial arts star jackie chan may have thrown his last punch and done his last back flip on the big screen. he told reporters today at the cannes film festival he's retiring after his latest movie. he does his own stunts and says he's not young anymore and quitting action roles for those that let him be "a true actor." i don't know. do you see him as a romantic comedy kind of guy? >> "shakespeare in the park" you don't think so? >> maybe. i'd love to see it. >> all right. let's stay in the arts genre. a little boston accent. for today's moment, you may have missed rock legend bono in washington speaking on a summit on worldwide hunger.
3:59 pm
the lead singer seemed awfully fond of the man who introduced him. democratic senator patrick leahy. >> of senator leahy i would say prize fighter for the world's poor. a, one of sort of righteous voice, louder than any rock band, actually, that big voice. he's been to a few u2 shows, but i think at heart he's a dead head. >> a dead head, huh? leahy involved with maryland senator, and talking about foreign aid. rumors circulating on the blogs bono is the world's richest musician even more than the beatles is not true. bono explains in an interview, no one tops the beatles. >> this boy is not a billionaire, or going to be richer than any beatle and not just in the sense of money, by the way.

127 Views

info Stream Only

Uploaded by TV Archive on